Russian Oligarch Kerimov Acquires 1% SpaceX Stake Through Heritage Trust

| Importance: 9/10 | Status: confirmed

Sanctioned Russian oligarch Suleyman Kerimov held a strategic 1% stake in SpaceX from 2017-2022 through Delaware’s Heritage Trust, initially worth $10 million and later valued at $500 million. The investment, managed by Citigroup and structured to obscure Kerimov’s ownership, raised significant national security concerns given Kerimov’s status as a sanctioned Russian senator and the sensitive nature of SpaceX’s government and military contracts.

Key Actors

Suleyman Kerimov Elon Musk SpaceX Heritage Trust Citigroup

Tags

spacex-russia kerimov-investment national-security oligarch-influence heritage-trust-investigation

Sources (4)

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